The Liberty Reserve money laundering sting is just the tip of the iceberg and Australia is becoming a key place for online currency crime, says law enforcement lecturer at Charles Sturt University, Hugh McDermott. US prosecutors have announced what they say is the biggest international money laundering prosecution in history – a $US6 billion ($A6.2 […]

Government plans to name, shame and charge more in the coming days. In a major step in its crackdown on the country’s parallel economy, the Indian government on Monday revealed before the Supreme Court the names of three persons who allegedly have parked untaxed or ‘black’ money in illicit foreign accounts. Pradip Burman, former Executive […]

Britain’s top private schools are coming under scrutiny from anti-corruption groups for unwittingly accepting laundered money from wealthy foreign criminals and corrupt officials. The British private school Millfield is alleged by police in Moldova to have received payments arising from the $22bn (£14bn) international money-laundering operation revealed in an investigation by The Independent and the […]

Independent newspaper Exclusive: Criminals and corrupt officials from around the globe take advantage of Britain’s lax corporate rules – An investigation by The Independent and the Organised Crime and Corruption Reporting Project, an NGO, has identified dozens of firms in a global web spreading from Birmingham to Belize. The scam appears to have gone on […]

The Independent is passing details of the transactions to the banks. Mr Sarco said: “We hope our colleagues [at Britain’s National Crime Agency] will uncover what activity took place in the UK, but our main difficulty is that the relevant authorities in the Russian Federation are being less co-operative.” He said he had contacted the […]

Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added feature of getting corrupt […]

Some 19 British firms are at the centre of an investigation into in a mammoth global money-laundering operation. The scheme was allegedly contrived to make $20bn (£12.5bn) worth of ill-gotten gains appear legitimate. The illicit funds are thought to have originated from criminal gangs and corrupt officials across the globe, attempting to make their dirty […]

A notorious drug trafficker, Kevin Hanley, who used the cover of a fruit and veg business and lorry delivery firm to smuggle millions of pounds worth of drugs has been jailed for more than 17 years. £2 million in cash stuffed in suitcases, and drugs worth almost £3 million were recovered. Hanley had been on […]